2026 Key Views: US Equity

10 Dec 2025

by Irene Tunkel, Chief Strategist Rishabh Shah, Senior Analyst

We are constructive on equities in 2026, as monetary easing, fiscal support, GenAI-related capex, and strong earnings growth are unequivocally positive for the asset class. Valuations are extended, but concerns about a bubble are overstated. Despite the favorable backdrop, we expect the S&P 500 to return only 5–10%, ending 2026 between 7,200 and 7,500.

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BCA Research | US Equity Strategy

The US Equity Strategy, led by Noah Weisberger, advises investors on how macro regimes, fundamentals, and market dynamics shape risk and opportunity across US equities.